WHEAT

- Feb 26 - Iraq seeks at least 50,000 MT of wheat from either the US, Canada or Australia. The tender closes on Feb 26 and offers must remain valid up to March 2

- Feb 17 - Egypt's GASC bought 360,000 MT of wheat from Russia (240 TMT), Romania (60 TMT) and Ukraine (60 TMT) for March 16-26 shipment:

  • 60,000 MT of Russian wheat from AOS at 204.85 $/mt c&f (195 $/mt fob+9.85 $/mt freight);
  • 60,000 MT of Russian wheat from Daewoo at 205.85 $/mt c&f (196 $/mt fob+9.85 $/mt freight);
  • 60,000 MT of Russian wheat from Grainbow at 207.60 $/mt c&f (196 $/mt fob+11.6 $/mt freight);
  • 60,000 MT of Ukrainian wheat from Louis Dreyfus at 208.10 $/mt c&f (195.5 $/mt fob+12.6 $/mt freight);
  • 60,000 MT of Romanian wheat from Nidera at 208.35 $/mt c&f (197.5 $/mt fob+10.85 $/mt freight);
  • 60,000 MT of Russian wheat from Aston at 208.60 $/mt c&f (197 $/mt fob+11.6 $/mt freight)

- Feb 16 - Algeria's OAIC bought 200,000-225,000 MT of optional-origin durum wheat, likely from Canada, at around 262-265 $/mt c&f for three shipment periods between March 16-31, April 1-15 and April 16-30

- Feb 7 - Ethiopia bought around 400,000 MT of optional origin wheat in three consignments:

  • 133,333 MT from Promising International at 227.85 $/mt c&f for March shipment;
  • 133,333 MT from ADM at 227.5 $/mt c&f for April shipment;
  • 133,333 MT from Phoenix at 225.1 $/mt c&f for May shipment

- Feb 17 - Argentina grants export licenses for 5,611 MT of wheat flour

- Feb 16 - Argentina grants export licenses for 10,865 MT of wheat flour and 5,300 MT of milling wheat

- FranceAgriMer said 92% of France’s soft wheat crops were in good to excellent condition as of Feb 13, unchanged from week prior and vs. 94% a year ago; durum rating at 85% in good to excellent vs. 84% a week-ago and vs. 90% a year-ago

- Russia exported about 23.388 MMT of grain between July 1-Feb 12, 2016/17, down by 1.4% from a year-ago, including:

  • wheat – 18.165 MMT (+2.9%);
  • barley – 2.003 MMT (-42.6%);
  • corn – 3.027 MMT (+28.6%)

- SovEcon expects Russia's February grain exports at 2.3-2.4 MMT (incl. 1.7-1.8 MMT of wheat), down from 2.6 MMT (incl. 1.9 MMT of wheat) in January

- Russian grain stocks were at 35.247 MMT as of February 1, 2017, up 11.3% from a year earlier (31.66 MMT as of Feb 1, 2016). The data does not include grain stored at small farms

- Kazakhstan’s grain stocks as of February 1, 2017 accounted 13.119 MMT, including 10.748 MMT of wheat thereof 8.733 MMT of milling wheat compared to 11.696 MMT (incl. 9.922 MMT of wheat thereof 7.987 MMT of milling) a year ago

- Japan's January grain imports up 2.7% on year to 1.947 MMT, incl. 1.183 MMT from the US (+69.9%)

CORN

- Feb 17 - USDA announced export sales of 194,112 MT of US corn for delivery to Japan during 2016/17 (60,000 MT) and 2017/18 (134,112 MT)

- Feb 16 - Algeria's OAIC bought 50,000 MT of optional-origin feed barley at around 182-183 $/mt c&f for March 1-15 shipments

- Feb 17 - Argentina grants export licenses for 135,550 MT of corn

- China's COFCO Corp is in talks to sell 15,000-25,000 MT of corn to Japanese trading house Mitsubishi Corp for delivery at the end of February

- Buenos Aires Grain Exchange maintains its forecast for Argentina's 2016/17 corn crop at 37 MMT, up 23.3% vs. 30 MMT in 2015/16

- FranceAgriMer said 91% of France’s winter barley crops were in good to excellent condition as of Feb 13, compared with 90% a week earlier and vs. 95% a year ago

- FranceAgriMer estimated spring barley planting 8% done as of Feb 13, ahead of last year’s pace of 5%

- Japan's use of corn in animal feed rose to 46.1% in December from 45.8% in November and by 0.7% points above year-ago level (45.4% in Dec 2015). Its use of barley was steady at 3.4%, unchanged from month ago and vs. 3.3% year-ago; while wheat usage left at 1.9% but above year-ago (1.6%). Japan's sorghum usage in feed rations declined to 2.4% in December from 2.5% in November and down 0.5% points from the year prior (2.9% in Dec 2015)

SOYBEAN

- Feb 21 - Egypt’s GASC seeks 25,000 MT of soybean oil and 10,000 MT of sunflower oil for April 20 arrival

- Feb 17 - Argentina grants export licenses for 10,000 MT of soybean oil

- Feb 16 - Argentina grants export licenses for 115,180 MT of soymeal and 7,546 MT of soybean oil

- Feb 16 - Argentina grants export licenses for 38,540 MT of sunflower oil and 10,000 MT of sunflower meal

- Russia exported about 649,500 MT of sunflower oil between Sept 1-Feb 12, 2016/17, a 47.2%-increase from a year-ago

- Russia exported about 104,500 MT of sunseed between Sept 1-Feb 12, 2016/17, in 8.7 times up from a year-ago

- Russia exported about 157,700 MT of soybeans between Sept 1-Feb 12, 2016/17, down 32% from a year-ago

- Japan's January soybean imports fell 15.6% on year to 196,020 MT, incl. 173,174 MT from the US (down 13.9%)

- Buenos Aires Grain Exchange kept its forecast of Argentina's 2016/17 soybean crop at 54.8 MMT, down 2.1% vs. 56 MMT in 2015/16

- Buenos Aires Grain Exchange forecasts Argentine 2016/17 sunflower crop at 3.5 MMT, up 40% from 2015/16 crop (2.5 MMT). Harvesting of Argentine sunflower crop was 32.1% completed as of Feb 16 vs. last year’s pace of 27.1%

- Malaysia will raise its crude palm export tax to 8% in March, up from 7.5% in February. Malaysia calculated a reference price of 3,337.3 MYR/mt (749 $/mt) for March

- Surveyor Intertek Testing Services estimated Malaysia's February 1-20 palm oil exports at 733,288 MT down 0.8% from a month ago

- Surveyor SGS estimated Malaysia's February 1-20 palm oil exports at 745,564 MT up 1.7% from a month ago